It’s probably been a while since you were in school. However, if you’re approaching retirement, it’s a good time for a few lessons on taking required minimum distributions (RMDs) from individual retirement accounts (IRAs) and 401(k) plans.
- The basics
- Take by the deadline
- Calculate the amount
- Avoid the penalty
See this month’s issue of Let’s Talk Money, these tips may give you a better retirement outlook.
• A project that pays off
Are you thinking about a home improvement project? Before you pick up a hammer or hire a contractor, do your homework. Here are a few tips to help you get started.
• Saving Money This Summer
Amusement parks. Zoos. Fairs. All are fun places to visit in the summer. But they can also be quite expensive, food and souvenirs. Here are a few ways you and your family can have fun and save money this summer.
• Part-time Passion or a Career?
Interested in pursuing your favorite hobby as a business? Your should know that if the IRS views your activity as a hobby rather than as a business, your tax deductions for business-type expenses are subject to certain limitations.
• Q&A Let’s Talk Retirement
All this and more in this issue of Let’s Talk Money…